Chanel Appoints Unilever’s Executive as its New CEO

Baaghi TV: French Luxury Fashion Brand, Chanel appointed Leena Nair, a Unilever consumer goods executive, as its new global CEO, a surprise announcement was made this Tuesday.

The veteran, Leena Nair, has been exceling at her service for the last 30 years with a recent-most position of chief of human resources accredited to her name. She has also been a member of Unilever’s Executive Committee.

Nair is a British-Indian, with her unconventional background was appointed by The Board of Chanel Limited (UK) with an aim to showcase diversity, promote the freedom of creation and cultivate the best of human potential by incorporating someone outside the fashion industry. In a press release that aired Tuesday, Chanel expressed a firm belief in the company’s success with Leena as their new chief.

Nair, now aged 52, completed a career of 30 years at Unilever , acting at the post of the chief of human resources and also as a member of the company’s executive committee.

Nair, A British national, was born in India and is considered a rare outsider to have taken control of the family fashion house, famous for its fashionable suits, stylish handbags and the glorious No. 5 perfume.

The owner of Chanel, Alain Wertheimer, the French billionaire, along with his brother Gerard Wertheimer had at first taken on the job of CEO on a temporary basis. He will now move on to assume the role of global executive chairman.

The brand was founded in 1910 by fashion legend Gabrielle “Coco” Chanel as a hat boutique on rue Cambon in Paris and grew to become a byword for French chic.

Bernstein luxury goods analyst Luca Solca said Chanel was following a trend of attracting top executives from the consumer packaged goods industry.

“Unilever and P&G stand tall as management reservoirs for the relatively young luxury goods industry,” he said, pointing to Antonio Belloni, general manager of LVMH (LVMH.PA) and a former president of Procter & Gamble in Europe, and Estee Lauder head Fabrizio Freda, also a P&G veteran.

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